Those fixed rates bond created big holes in usa banking industry and two banks already collapsed. Prediction is Credit Suisse is next on the firing line. My opinion is - this scenario already scared a lots of people who love their terms deposit and they will move their money somewhere safe and gold is safe heaven.
Maybe be we might see LG’s prediction will come true gold trading between usd 3k-5k.
US might print more money to prevent those collapse but inflation is the biggest problem, so they are stuck like no printing money financial meltdown and printing money is inflation going UP. Either way is good for gold.
Funny it’s like kcn situation either TAFTA awards or mine reopening with tons of assets, either way is good for us.
General discussion, page-2348
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Mkt cap ! $425.2M | |||
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